Back to top
more

Hormel Foods (HRL)

(Delayed Data from NYSE)

$34.80 USD

34.80
2,212,158

-0.37 (-1.05%)

Updated May 6, 2024 04:00 PM ET

After-Market: $34.79 -0.01 (-0.03%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

Zacks Rank Education - Learn about the Zacks Rank

Zacks Rank Home - Zacks Rank resources in one place

Zacks Premium - The only way to fully access the Zacks Rank

2-Buy of 5   2      

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

B Value B Growth C Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Zacks Rank Education -- Learn more about the Zacks Rank
Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 1% (3 out of 252)

Industry: Food - Meat Products

Zacks Premium FeatureView All Zacks #1 Ranked Stocks

Better trading starts here.

Balance Sheet

Research for HRL

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

See more Zacks Equity Research reports

   

Fiscal Year End for Hormel Foods Corporation falls in the month of October.

All items in Millions except Per Share data.

10/31/2023 10/31/2022 10/31/2021 10/31/2020 10/31/2019
Assets          
Cash & Equivalents 753 998 635 1,732 688
Receivables 825 875 904 744 594
Notes Receivable 0 0 0 0 0
Inventories 1,680 1,716 1,369 1,073 1,042
Other Current Assets 39 48 40 31 37
Total Current Assets 3,297 3,637 2,948 3,579 2,361
Net Property & Equipment 2,166 2,141 2,109 1,898 1,629
Investments & Advances 725 271 299 308 289
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 6,686 6,729 6,751 3,689 3,516
Deposits & Other Assets 575 529 589 434 314
Total Assets 13,449 13,307 12,696 9,908 8,109
Liabilities & Shareholders Equity 10/31/2023 10/31/2022 10/31/2021 10/31/2020 10/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 771 817 793 645 590
Current Portion Long-Term Debt 951 9 9 259 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 139 172 193 193 183
Income Taxes Payable 15 33 24 22 6
Other Current Liabilities 436 443 397 385 326
Total Current Liabilities 2,312 1,473 1,416 1,504 1,105
Mortgages 0 0 0 0 0
Deferred Taxes/Income 498 475 278 219 177
Convertible Debt 0 0 0 0 0
Long-Term Debt 2,359 3,291 3,315 1,045 250
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 541 528 709 710 652
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 5,710 5,767 5,718 3,478 2,183
Shareholders Equity 10/31/2023 10/31/2022 10/31/2021 10/31/2020 10/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 8 8 8 8 8
Capital Surplus 506 469 360 290 185
Retained Earnings 7,493 7,313 6,882 6,523 6,128
Other Equity -268 -251 -272 -390 -395
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 7,739 7,540 6,978 6,430 5,926
Total Liabilities & Shareholder's Equity 13,449 13,307 12,696 9,908 8,109
Total Common Equity 7,739 7,540 6,978 6,430 5,926
Shares Outstanding 546.50 546.20 542.50 539.90 534.70
Book Value Per Share 14.16 13.80 12.86 11.91 11.08

Fiscal Year End for Hormel Foods Corporation falls in the month of October.

All items in Millions except Per Share data.

4/30/2024 1/31/2024 10/31/2023 7/31/2023 4/30/2023
Assets          
Cash & Equivalents -99,999 982 753 687 598
Receivables NA 751 825 794 769
Notes Receivable NA 0 0 0 0
Inventories NA 1,578 1,680 1,738 1,746
Other Current Assets NA 56 39 37 50
Total Current Assets NA 3,367 3,297 3,255 3,163
Net Property & Equipment NA 2,156 2,166 2,131 2,119
Investments & Advances NA 728 725 743 742
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 6,684 6,686 6,722 6,725
Deposits & Other Assets NA 578 575 575 567
Total Assets NA 13,513 13,449 13,427 13,316
Liabilities & Shareholders Equity 4/30/2024 1/31/2024 10/31/2023 7/31/2023 4/30/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 744 771 703 750
Current Portion Long-Term Debt NA 954 951 947 9
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 102 139 220 98
Income Taxes Payable NA 86 15 50 47
Other Current Liabilities NA 375 436 400 401
Total Current Liabilities NA 2,261 2,312 2,321 1,305
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 501 498 468 466
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 2,357 2,359 2,360 3,294
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 541 560 558
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 5,664 5,710 5,709 5,624
Shareholders Equity 4/30/2024 1/31/2024 10/31/2023 7/31/2023 4/30/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 8 8 8 8
Capital Surplus NA 530 506 499 488
Retained Earnings NA 7,557 7,493 7,448 7,435
Other Equity NA -246 -268 -237 -240
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 7,849 7,739 7,718 7,692
Total Liabilities & Shareholder's Equity NA 13,513 13,449 13,427 13,316
Total Common Equity 0 7,849 7,739 7,718 7,692
Shares Outstanding 547.70 547.60 546.50 546.40 546.50
Book Value Per Share 0.00 14.33 14.16 14.12 14.07